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Blue Gold Announces Successful Smart Contract Audit by Nethermind, Strengthening Security and Transparency Ahead of Standard Gold Coin Launch on Base
NEW YORK, NY, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) (“Blue Gold” or the “Company”), a next-generation gold development and
About this update from Blue Gold Limited
[{"type":"text","content":"NEW YORK, NY, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) (“Blue Gold” or the “Company”), a next-generation gold development and technology company, today announced the successful completion of a comprehensive smart contract audit conducted by Nethermind, one of the world’s leading blockchain engineering and security firms. Nethermind is widely recognized for its protocol engineering contributions to WorldCoin and several of the industry’s most successful token and Layer-2 launches. BlueGold’s decision to engage Nethermind reflects the company’s uncompromising commitment to institutional-grade security, transparency, and regulatory alignment as it prepares for the debut of its flagship digital asset. The audit encompassed the full suite of smart contracts supporting Standard Gold Coin (SGC) - BlueGold’s fully reserved, vault-backed digital gold token - as well as the underlying infrastructure deployed on Base, Coinbase’s Layer-2 blockchain. Base was selected for its security, scalability, Ethereum alignment, and the strength of its developer and compliance ecosystem. “Security is not a feature - it is the foundation,” said Andrew Cavaghan, CEO of BlueGold One. “Completing Nethermind’s audit validates the rigor behind our engineering and the seriousness with which we approach customer protection, regulatory readiness, and long-term platform resilience.” Nethermind’s assessment included detailed reviews of contract architecture, upgradeability and pause-control mechanisms, minting and redemption pathways for SGC, reserves logic, treasury operations flow, and BlueGold’s safeguards for mitigating attack surfaces. The final report confirmed that BlueGold’s contracts meet the highest standards of safety and correctness, with no critical or high-severity vulnerabilities outstanding. This verification marks a major milestone as BlueGold moves toward the public launch of Standard Gold Coin (SGC) - an onchain gold asset engineered for transparency, auditability, and simplicity. SGC is designed to provide users with the assurance of fully reserved physical gold, combined with the speed, composability, and global accessibility of modern blockchain infrastructure. “SGC was built to exceed the expectations of regulators, auditors, and users who demand clarity and trust from real-world asset platforms,” added Nathan Dionn...